DSM to Acquire Ocean Nutrition Canada for $528 Million

12:57 AM MDT | May 18, 2012 | Deepti Ramesh

DSM says it has entered into a definitive agreement with Clearwater Fine Foods (Bedford, Canada) and funds managed by Richardson Capital (Winnipeg, Canada) to acquire Ocean Nutrition Canada (Dartmouth, Canada) for C$540 million ($528 million). Ocean Nutrition Canada is a supplier of fish-oil derived omega-3 fatty acids to the dietary supplement and food and beverage markets. The acquisition is expected to close in the first half of 2012. Ocean Nutrition Canada employs about 415 people and the company has production sites in Canada, Peru, and the U.S. Ocean...